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#tether

15 posts9 participants0 posts today
Public *
⚯ Michel de Cryptadamus ⚯

i found some court filings that detail one man's attempt to use the courts to force #Tether and other #cryptocurrency companies to give him back $3 million that was stolen from him.

spoiler: it didn't go well. the crypto companies used their standard defense of "#blockchain is open source so not our problem lol".

not only did he have to chase the crypto companies through multiple jurisdictions (#singapore, british virgin islands, etc), in the end i don't think he got any of his money back from the (probably) #Russian criminals who stole it.

threadreaderapp.com/thread/194

#BVI#moneylaundering#USDT
Public
⚯ Michel de Cryptadamus ⚯

TRM Labs released some analysis of the #Nobitex source code that was leaked by an Israeli team that hacked the company (Nobitex is the largest #cryptocurrency exchange in #Iran and probably the largest crypto exchange anywhere to take such an extreme approach to hiding its own tracks (and its users' tracks).

of course they also hardcoded a bunch of auth keys into the source code... so maybe they weren't *that* privacy focused. or maybe they decided to do some "outsourcing" of the dev team (lol).

* TRM: trmlabs.com/resources/blog/ins
* I wrote a fair bit about Nobitex back in October: cryptadamus.substack.com/p/tru

Inside the Nobitex Breach: What the Leaked Source Code Reveals About Iran’s Crypto Infrastructure
#crypto#infosec#Threatassessment
Public
⚯ Michel de Cryptadamus ⚯

a few weeks ago right before #Israel attacked #Iran #Tether froze a #Tron wallet that had over the course of a year managed to receive almost $2 billion, at least $1.2 bn of which came from #Binance (which historically did huge business in Iran).

there was only $2.5 million in the wallet at the time of the freeze but in terms of how much money flowed through it, it's the 4th highest volume wallet ever frozen.

based on the fact that another wallet frozen ca. the same time w/similar usage patterns turned out to be linkable to #Hezbollah, the govt of #Iran, and a dark market for nation state sized orders of weapons & #drugs (#HuionePay / #HuioneGuarantee), I have a hunch this wallet was also used by the #IRGC to fund its proxies in the region like the #Houthis and #Hezbollah and #Israel has chosen not to disclose that it was responsible for the seizure yet.

* arkham view of wallet: intel.arkm.com/explorer/addres
* similar wallet: universeodon.com/@cryptadamist

arkham screenshot highlighting $1.2 billion from binance
#Huione#JustinSun
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